{"id":646913,"date":"2024-10-03T00:00:00","date_gmt":"2024-10-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/google-will-start-paying-creators-in-local-currency\/"},"modified":"2024-10-03T00:00:00","modified_gmt":"2024-10-03T00:00:00","slug":"google-will-start-paying-creators-in-local-currency","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/google-will-start-paying-creators-in-local-currency\/","title":{"rendered":"Google will start paying creators in local currency"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Google to begin paying content creators in EGP starting next year:<\/strong> The tech giant has notified content creators and publishers on its platforms that they will begin receiving their earnings in local currency starting May 2025 \u2014 Google currently pays creators on its platforms in USD, Google said in a statement to Enterprise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not just Egypt:<\/strong> The shift is part of a larger move towards conducting payments for content creators and publishers around the world in their respective local currencies, with the company already paying creators in local currencies in countries that include Chile, Indonesia, Japan, Jordan, Mexico, Morocco, New Zealand, Norway, Peru, South Africa, Sweden, Turkey, and the UAE, with plans to expand to more countries globally in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWe know it can take time to prepare and adjust finances, which is why we notified our community six months in advance. Our support for content creators and publishers in Egypt remains unchanged,\u201d the company told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>The number of Egyptian YouTube channels making over EGP 1 mn in revenues is up 50% y-o-y.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google currently pays creators on its platforms in USD<\/p>\n","protected":false},"author":1,"featured_media":646914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8814],"tags":[72,1143,8813],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payments","tag-enterpriseam","tag-google","tag-payments","wpautop","entry"],"acf":{"mongo_id":"93609f98-bf10-4137-b740-d4400edd5410","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/283.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Google will start paying Egyptian creators in local currency","related_issue":[646903],"teaser":"Google currently pays creators on its platforms in USD","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.7054c8d4-87a8-47e8-bcb4-e7bf301603e7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Just tomorrow to go and then the long weekend. THE BIG STORY TODAYEgypt\u2019s net foreign asset surplus fell by 26.8% to USD 9.7 bn in August, down from USD 13.3 bn in July, according to Enterprise calculations based on Central Bank of Egypt figures. This represents Egypt\u2019s\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1390.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646966,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/egypts-economy-grew-2-4-in-fy-2023-24\/","url_meta":{"origin":646913,"position":1},"title":"Egypt\u2019s economy grew 2.4% in FY 2023-24","author":"enterpriseam admin","date":"3 October 2024","format":false,"excerpt":"Good afternoon, friends, and happy Thursday. 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